What is Marine Insurance -

Marine Insurance is a type of insurance that covers loss or damage of ships, cargo, terminals. It takes care of cargos and other stuff like container terminals, ports, oil platforms, pipelines between the origins to destination. With SGI Philippines you will worry less while moving your stocks and machinery.

Avail the wide coverage for import and export and Inland transit policies at  reasonable prices. It helps ensure the safety of your business or trade. The risk involved in transportation from port to port is being reimbursed by the insurance company.  If you are a trader or merchandise your goods move across oceans like port to port, warehouse to warehouse. Keeping them safe and secure is a priority for you. But maintaining them manually is almost impossible you have to work for a backup plan to cover it and marine insurance can help with this.

Marine Insurance Online -

Buying marine insurance online is one of the convenient ways people are choosing these days. If you buy marine insurance online you can even get multiple offers i.e. discounts. Growing marine business automatically exposed to risks that are associated with the transit of goods and merchandise. Buying marine insurance online can help you to successfully overcome high-risk situations and put you in control. Therefore, the policy provides wide coverage for loss or damage caused to the cargo whilst in transit. The policy provides wide coverage for loss or damage caused to the cargo and products.

Our Coverage:

Fire or explosion

Vessel or craft being stranded, grounded, sunk or capsized

Overturning or derailment of land conveyance

Collision or contact of vessel, craft or conveyance with any external object other than water

Discharge of cargo at a port of distress

Why Marine Insurance is important -

If you own a business like cargo transportation you need to make it secure and safe. This insurance is important in many industries and a part of everyday life for many people. Insurance has become an integral part of today's life for the safety of vehicle, home, travel and others. Marine insurance covers  loss or damage of ships, cargo, terminals, any transport or cargo through which goods are being transferred.  It also cover damages to boats and other watercraft.

Marine insurance has a definite categorization because of its wide and encompassing a range of policies. As per the need, requirement, and specification for transportation you need an appropriate marine insurance cover. We already know that insurance is designed to manage risk in the event of unfortunate incidents like accidents or damage. But when it comes to ship or cruise safety, the stakes are higher i.e. risk of losing valuable cargo and other stuff.

Benefits of Marine Insurance –

• Marine insurance is undoubtedly beneficial for the sake of complete safety and security. SGI Philippines’ Marine Insurance helps you counter various risks like drowning during transit from one port to another. Therefore marine insurance is very important to make the cargos secure.
• There can be a wide range of risks your ship can face in between transportation. Your cargo can be damaged on exposure in open water body or anything can happen. Cargos can be damaged but stranding, grounding, sinking, burning, collision, navigation fault or error, a weather issue, and other perils. Therefore, marine insurance is always there to reimburse the losses and damages.
• The benefits of having comprehensive marine insurance are the complete and overall protection of the vessel, cargo, on-board equipment, crew and passengers from harm. It gives the necessary compensations in the place of the injury to people belonging to the ship.

Benefits of Marine Insurance –

• Marine insurance is undoubtedly beneficial for the sake of complete safety and security. SGI Philippines with Marine Insurance help you counter various risks like drowning during transit from one port to another. Therefore marine insurance is very important to make the cargos secure.
• There can be a wide range of risks your ship can face in between transportation. Your cargo can be damaged on exposure in open water body or anything can happen. Cargos can be damaged but stranding, grounding, sinking, burning, collision, navigation fault or error, a weather issue, and other perils. Therefore, marine insurance is always there to reimburse the losses and damages.
• The benefits of having comprehensive marine insurance are the complete and overall protection of the vessel, cargo, on-board equipment, crew and passengers from harm. It gives the necessary compensations in the place of the injury to people belonging to the ship.
• An appropriate marine insurance plan is there to ensure protection to liability against theft, hijack, mistakes in transportation, and an accident while in conveying, compensation for illness, collision, pollution risk, cargo liability, labor and legal costs. It is therefore essential for all ship and yacht owners to have correct marine insurance policy coverage. This is how you can secure your trading business safe by protecting your ship, cargos, onaboard equipements and more.